Which of the following is a noncash expense?

A) Depreciation
B) Operating costs
C) Income taxes
D) Cost of goods sold

Noncash Expense

Expenses recorded on the income statement not requiring actual cash outflow, such as depreciation and amortization.

Depreciation

The accounting practice of allocating the cost of a tangible or physical asset over its useful life, reflecting the decrease in value of the asset over time.

Operating Costs

Expenses related to the core functions of running a business, including manufacturing and service delivery.